Managing & Monitoring High-Risk Customers

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The requirements of the Bank Secrecy Act make identifying, managing, and monitoring high-risk customers PRIORITY ONE in 2010.  You may have customers identified as high risk based on their profile, that are not risky at all.  Others become high risk due to their activity.  How do we determine a customer’s risk category and then manage and move that level up or down?  How can we identify the owners of business accounts with multiple tiers?  Who has the final say on whether we open foreign accounts?  There is a great deal to consider when formulating a flexible, meaningful program to protect your bank from money laundering and other types of financial crimes.  Learn all this and more with this informative webinar.

Continuing Education: Attendance verification for CE credits provided upon request.

HIGHLIGHTS
•    How to identify high-risk customers
•    Using geography, products, services, and industry codes
•    When does an ordinary customer move to a “red” file?
•    When does a potentially high-risk customer move down to a “yellow” file?
•    How do you monitor, manage, and change risk ratings on an on-going basis?
•    For small banks, how do you track customers manually?  For larger banks, what are your resources?
•    Working closer with the security officer, law enforcement, etc.
•    Filing a SAR, repeated SAR filing, and account closing dos and don’ts
•    Practical tips for determining who owns the business or multi-tiered business accounts
•    Foreign companies and paperwork

WHO SHOULD ATTEND?
This informative session is directed to BSA officers/staff, security personnel, customer service representatives, branch managers, trainers, and anyone who monitors customer and risk assignment.

MEET THE PRESENTER
Deborah L. Crawford,
gettechnical inc